Penalties for smuggling under Pakistan’s customs law

KARACHI: Award of death sentence has been prescribed for smuggling of narcotic drugs under Customs law of Pakistan. Read more »

Importers require filing declaration within 10 days of goods arrival

KARACHI: Importers are required to file goods declaration within 10 days of arrival of goods at the port of entry. Read more »

Customs to secure deferential duty, taxes on provisional assessment

KARACHI: Importers are liable to deposit bank guarantee against deferential amount assessed provisionally by customs authorities on those consignments, which required further examination. Read more »

Provisional release of offended imported goods

KARACHI: The collector of customs has been empowered to allow provisional release of imported goods, on which any offence is detected, against duty and payment and submission of bank guarantee for penalty... Read more »

Customs empowered to stop vessel departure till payment of dues

KARACHI: Pakistan Customs has been empowered to refuse clearance of vessel until payment of dues including port dues and other charges and penalties. Read more »

Repayment of drawback of export on imported goods explained

KARACHI: Federal Board of Revenue (FBR) has explained repayment of drawback of the export on imported goods under Customs Act 1969. Read more »

Refunds of customs duties to be claimed within one year

KARACHI: Federal Board of Revenue (FBR) has said that the refunds against customs duties would be paid if claims have been made within one year. Read more »

Date of determination of import duty rate under Customs laws

KARACHI: Federal Board of Revenue (FBR) has explained determination of rate of import duty under Customs Act, 1969. Read more »

Importer to pay KIBOR+3pc on timely payment failure

KARACHI: An importer in case of failure to pay import duty or other taxes within specified time then the importer shall be liable to pay surcharge at the rate of KIBOR +... Read more »

Transfer of funds through misdeclaration included into punishable offences

KARACHI: Federal Board of Revenue (FBR) has included illegal transfer of funds through mis-declaration into the list of punishable offences. Read more »

Persons committing fiscal fraud liable to 10 years jail under Customs laws

KARACHI: A person is liable to jail punishment up to 10 years in case of committing fiscal fraud under Customs Act, 1969. Read more »

Customs officers authorized business access for audit

KARACHI: Customs officers have been authorized under customs laws to enter business premises to access records necessary for the purpose of audit. Read more »